Lunchtime ASX small cap wrap: Who’s bringing the heat today?
US share markets fell into the red after the US-Nth Korea talks ended without resolution (who’da thunk), and there was a lack of updates on the US-China trade talks.
Oil prices were mixed – weak Chinese manufacturing data pushed prices down – but this was offset by positive US economic growth data, Commsec says.
The ASX Small Ords jumped 17.5 points to 2,782.70 at 12pm AEST, an increase of 0.65 per cent.
Here are the big movers among small cap stocks for today, February 28.
9 Spokes International (ASX:9SP) is showing just how valuable a partnership with Microsoft can be.
The company is up 183 per cent on the back of a co-sell partner arrangement with Microsoft’s One Commercial Partner program.
As part of this program, Microsoft incentivise their sales teams to co-sell the 9 Spokes platform into “key global banking communities”.
And project development study has put a rocket under Aspire Mining (ASX:AKM), sending its share price up 31.5 per cent by midday EST.
Aspire Mining has released a PFS into developing its Ovoot coking coal project in Mongolia, and the numbers look pretty good.
Here are the best performing ASX small cap stocks at 11.45am Friday March 1:
Real Energy (ASX:RLE) dropped 19 per cent to 11c after the company raised $5m at a discounted rate of 10.5c per share to help develop its Windorah Gas Field.
Bojun Agriculture (ASX:BAH) — appropriate ticker btw — was down 17 per cent to 13c, and Quantum Graphite (ASX:QGL) was down 20 per cent to 0.2c; both on no news.
Here are the worst performing ASX small cap stocks at 11.45am Friday March 1: